2-day training for the representatives of supervisors of (re)insurance companies to get introduced with Solvency II objectives, the role of supervisor and the principles of cross-border cooperation between supervisors.
What’s included:
- European Legislation: development process, impact to the Member States, institutions involved
- Solvency I vs Solvency II
- The objectives of Solvency II
- Companies, groups, holdings subjected to supervision, authorization
- Solvency II for small companies
- Close links, relations, holdings, participation
- The objectives of supervision under Solvency II
- Supervisory Review Process (SRP)
- Capital add-on
- Operational Risk
- Pillar 1 supervision – quantitatvive measures
- Valuation of assets and liabilities, principles
- Group Supervision
- Techical provisions
- Best estimate
- Risk Margin
- Stress testing
- Own funds, determination, classification, eligibility
- Solvency Capital Requirement (SCR)
- Standard formula
- Internal model, full or partial
- Basic Solvency Capital Requirement
- Minimum Capital Requirement (MCR)
- Investments
- Non-compliance with SCR, MCR
- Pillar 2 supervision – qualitative measures
- outsourced important functions
- system of governance: compliance, internal audit, actuarial functions, written policies
- key personnel
- risk management system
- Own Risk Self Assessment (ORSA)
- Pillar 3 supervision – public disclosure
- Report on solvency and financial condition, public disclosure
- Separation of life and non-life
- Group supervision
- Group supervision
- What’s different from Solo supervision?
- Group Solvency Capital Requirement, methods
- Group capital add-on
- Risk concentration
- Intra-group transactions, double use of own funds
- System of governance
- Group supervisor, college of supervisors
- Communications between supervisors, dispute resolution
- Communications with companies belonging to a group
- Agreements with third countries, Solvency ii equivalent supervision
- Supervisory regimes other than Solvency II
- Solvency II implementation schedule
Price
This training is FREE for the representatives of the supervisors.
Location
Nexum Consulting office in Riga, Latvia. See Contacts
or
At customer location, on-site training (Travel and accomodation charges apply)
Time
Subject to mutual agreement between Nexum Consulting and the customer
Audience
2-5 persons
Supervisor representatives
Risk managers
Language
English, Russian, Lithuanian, Latvian
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